Financials
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Canceled Project Blackbird May Have Been Perfect Replacement For Destiny, Insider Says
Insider reports suggest Microsoft's canceled action-RPG MMO, Project Blackbird, could have been a successful replacement for Destiny 2. Developed by the ZeniMax team, the game was reportedly canceled in mid-2025 due to financial reasons, despite positive internal feedback. Its cancellation is seen as a missed opportunity for Xbox to fill a void in the live-service market.
GameStop Just Posted Its Highest Profit In History, Going Back Decades
Video game retailer GameStop has reported its highest-ever quarterly profit of $389.6 million for its fiscal Q1, a significant increase from $44.8 million in the same period last year. Revenue also rose to $835.3 million, while the company continued to cut costs. CEO Ryan Cohen is reportedly exploring a hostile takeover of eBay, having secured $20 billion in financing.
Take-Two Financials Say GTA6 Still on Track
Take-Two Interactive Software, Inc. reported its fourth quarter and fiscal year 2026 financial results, exceeding expectations with $6.72 billion in Net Bookings for the fiscal year. The company reiterated that Grand Theft Auto 6 remains on track for its planned release.
NVIDIA (NVDA) reports 75% Q1 FY27 gross margin
NVIDIA reported a gross margin of 75% for Q1 FY27, a significant increase from the 60.8% recorded in Q1 FY26. This financial report highlights strong performance in the company's fiscal first quarter.
Ubisoft Financials Show Assassin’s Creed, Far Cry and Ghost Recon Plans
Ubisoft's financial report for the Full-Year 2025-26 indicates that Q4 net bookings exceeded expectations, though they are down 54% year-on-year. The report also outlines plans for the Assassin's Creed, Far Cry, and Ghost Recon franchises.
Listen to NVIDIA's (NVDA) Q1 FY27 earnings call here
NVIDIA executives, including Jensen Huang, will discuss the company's financial results for the first quarter of fiscal year 2027. The earnings call will provide insights into the company's performance and future outlook.
Nexon Q1 2026: ARC Raiders and MapleStory help to bring record high revenue
Nexon reported a record high first quarter of 2026, with revenue increasing 42% year-over-year to ¥152.2 billion ($945 million). The company attributed this success to strong performance from both the MapleStory franchise and the newly released ARC Raiders, which sold 4.6 million units. Future releases include Mabinogi: Mobile, Vindictus: Defying Fate, and several Dungeon Fighter side games.
Square Enix financials notes a decline in MMO sales offset by a rise in income thanks to remasters
Square Enix reported a decline in MMORPG sales for the fiscal year ending March 31st, 2026, attributed partly to the release gap of Final Fantasy XIV: Dawntrail. However, overall income rose significantly due to strong performance from remasters like Final Fantasy Tactics: The Ivalice Chronicles and Dragon Quest 1 & 2 HD-2D Remake, alongside catalogue titles.
MMO Week in Review: The Only Way to the Cradle of War
This week's MMO news roundup covers major announcements from EVE Online's Cradle of War expansion and Star Citizen's alpha 4.8 Tactical Strike. Guild Wars 2 launched The Only Way update, while Amazon's Lord of the Rings MMORPG fate remains uncertain. NCsoft and Pearl Abyss reported strong financial quarters, and various other MMOs like Farever, EverQuest Legends, and Subnautica 2 were discussed.
Warner Bros. Discovery once again glosses over gaming business in Q1 2026 financials
Warner Bros. Discovery's Q1 2026 financial report showed a 30% slump in gaming revenue, with a 43% decrease in games content expense. The company made no explicit mention of its games business in its shareholder letter, despite it being part of the Studios segment targeting $3 billion in Adjusted EBITDA.
Business and Finance
Pearl Abyss reported a more than fivefold increase in its Q1 earnings, reaching $220.6 million, largely driven by Crimson Desert. Separately, Nintendo's share value declined following the company president's admission that price increases could create barriers for consumers.
Sony took a $765 million impairment loss in FY25 on the $3.6 billion Bungie acquisition
Sony reported a $765 million impairment loss in its fiscal year 2025 on the $3.6 billion acquisition of Bungie. The makers of Marathon and Destiny 2 continue to be a financial weakness for Sony's Game & Network Services segment.
Sony authorizes up to $3.2 billion share buyback
Sony has authorized a share buyback program of up to $3.2 billion as part of its fiscal year 2025 earnings release. This move indicates the company's financial strategy and commitment to returning value to shareholders.
Sony Writes Off Another $565 Million Impairment Loss Against Bungie
Sony has recorded another $565 million impairment loss against Bungie, bringing the total write-off to $769 million in the last financial year. This significant loss, representing over 20% of the acquisition cost, impacts the perceived value of Bungie and its ongoing titles like Marathon. Despite this, Sony's gaming division reported a 12% increase in operating income.
EA Financials
Electronic Arts reported record net bookings of $8 billion for the fourth quarter and fiscal year ending March 31, 2026. The company also noted that Battlefield 6 achieved several fiscal year milestones.
Listen to the AMD Q1 2026 earnings call here
AMD leaders, including Lisa Su, will discuss the company's financial performance for the first quarter of 2026 during an earnings call. The event will provide insights into AMD's latest business results and future outlook.
Remedy’s latest financials aren’t too bad considering Firebreak flopped, which the CEO puts down to its ‘structurally more efficient budgets’
Remedy Entertainment reported first-quarter revenue of €13.1 million and an operating profit of €1 million, which is considered better than expected given the financial loss from FBC: Firebreak. CEO Jean-Charles Gaudechon highlighted the studio's efficient budgets and steady progress on development projects, with a focus on the upcoming Control Resonant.
Roblox Q1 2026: Revenues rise ahead of age-gating and ‘short-term bookings headwinds’ forecast
Roblox reported a 39% year-over-year revenue increase to $1.4 billion for Q1 2026, alongside growth in daily active users and total hours engaged, despite a consolidated net loss of $248 million. CEO David Baszucki anticipates short-term financial headwinds due to new age verification and chat limits, leading to revised full-year guidance.
Listen to Apple's (AAPL) Q2 2026 earnings call here
Apple executives, including CEO Tim Cook, will discuss the company's financial performance during its Q2 2026 earnings call. The event provides insights into Apple's latest quarterly results and future outlook.
Xbox CEO Asha Sharma, who took the job less than 3 months ago, says 'player and revenue growth has not yet met our ambition' as Microsoft gaming continues to slide
New Xbox CEO Asha Sharma acknowledged that player and revenue growth has not met the company's ambitions, following a 7% decrease in Microsoft's gaming revenue for Q3 FY26. Despite a decline in Xbox content and services, and a significant drop in hardware sales, Microsoft CEO Satya Nadella highlighted record monthly active Xbox users and game streaming hours while emphasizing foundational work to win back fans.
